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ECARX Holdings Inc. Announces Proposed Offering of 25,000,000 Class A Ordinary Shares
SHANGHAI, March 27, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, announced the
About this update from Ecarx Holdings Inc.
[{"type":"text","content":"SHANGHAI, March 27, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, announced the commencement of an underwritten public offering (the “Offering”) of 25,000,000 Class A ordinary shares of the Company (the “Ordinary Shares”). The Company intends to grant the underwriters in the Offering a 30-day option to purchase up to an additional 3,750,000 Ordinary Shares. Deutsche Bank AG, Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited are acting as representatives of the underwriters in the Offering. The Ordinary Shares will be offered under the Company’s shelf registration statement on Form F-3 which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 27, 2024. A preliminary prospectus supplement related to the proposed Offering has been filed with the SEC. The registration statement on Form F-3 and the preliminary prospectus supplement are available on the SEC website at: http://www.sec.gov. Before you invest, you should read the shelf registration statement, prospectus supplement (including the accompanying base prospectus) and the documents incorporated by reference therein. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; and (2) China International Capital Corporation Hong Kong Securities Limited, 29th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong. The Company plans to use the net proceeds from the Offering primarily for (i) research and development initiatives, (ii) establishment of overseas supply chain networks, and (iii) general corporate purposes. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offering of the Ordinary Shares, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or final terms of the Offering. About ECARX Holdings Inc. ECARX (Nasdaq: ECX) is a glo...